The Government of India has bought out revised Foreign Direct Investment (FDI) Policy. Set out below is a snapshot of the recent liberalizations brought in the FDI Policy governing different sectors in India. The policy prescribes the foreign investment caps in specified industrial sectors;these caps are subject to applicable laws/regulations; security and other conditionalities.
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We got a favourable order for our client Nikhara Bharath Construction co. Ltd. (NBCCL) before SEBI Mumbai in a matter pertaining to Collective Investment Scheme (CIS). SEBI had restrained NBCCL from carrying out its business activities alleging that it is into fund mobilising activity which is in the nature of CIS as defined in Sec.11AA […]
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